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Nasdaq To Bid For London Stock Exchange

Reuters has reported that New York's Nasdaq, the world's second largest share market, is in talks to purchase the London Stock Exchange (LSE).

News of talks is thought likely to result in an auction for the LSE as markets become more competitive and investors continue to demand cheaper costs of dealing.

It thought that a tie-up with either Nasdaq or Euronext, which brings together the Paris, Amsterdam, Brussels, Lisbon and Frankfurt exchanges, is almost inevitable.

Nasdaq is advised by Lazard and Dresdner Kleinwort Wasserstein.

The LSE has declined to comment on the story.

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